The historical transience of capital: the downward trend in the rate of profit since XIX century

Esteban Maito ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents estimates of the rate of profit on fourteen countries in the long run. The performance shows a clear downward trend, although there are periods of partial recovery in both core and peripheral countries. The behavior of the profit rate confirms the predictions made by Marx, about the historical trend of the mode of production. Finally, an estimate of the global rate of profit for the last six decades is done, also highlighting the particular role of China in systemic profitability.

Keywords: rate; of; profit; -; Marx; -; mode; of; production; –; core/periphery; –; world; rate; of; profit (search for similar items in EconPapers)
JEL-codes: E30 F21 N0 P10 P16 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-his, nep-hme and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55894

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